ANCHORAGE, Alaska: Plans for seismic surveys to help find oil in the Arctic National Wildlife Refuge have fizzled due to a lack of protection for polar bears, according to a brief statement Saturday from the Department of the Interior.
The Kaktovik Inupiat Corp. (KIC), the Native-owned company that applied for permission to conduct the survey, failed to do the required work to identify polar bear dens in the region that would be surveyed, Interior spokeswoman Melissa Schwartz said in an emailed statement.
The likely demise of the seismic plan is the latest in a series of setbacks that have deflated the decades-long ambition to convert the refuge into an oil-producing frontier.
Alaska’s oil production has been waning since the late 1980s, when the state produced more than 2 million barrels of crude per day. Now its output is roughly 500 bpd.
Ex-President Donald Trump passed tax legislation in 2017 that would have allowed for drilling in the ANWR, and the federal government held a lease sale in the last days of his presidency.
Identification of den sites was needed for the US Fish and Wildlife to grant KIC an incidental harassment authorization, a permit that would allow seismic operations near polar bears, Schwartz said.
“The company was advised today that their request is no longer actionable,” she said in her statement.
KIC had planned, through contractor SAExploration, to conduct seismic surveys on 352,416 acres within the refuge’s coastal plain. The company missed a Feb. 13 deadline to perform its aerial den-detection work, Schwartz said.
The Jan. 6 ANWR lease sale drew qualifying bids for only 11 tracts, most from an Alaska state agency that was participating as a backstop in case oil companies did not submit bids.
President Joseph Biden and Interior Secretary-designee Deb Haaland oppose oil development in the refuge.
Arctic drilling plan in Alaska hits roadblock
Arctic drilling plan in Alaska hits roadblock
Saudi POS spending jumps 28% in final week of Jan: SAMA
RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors.
POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity.
Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million.
Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million.
Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million.
Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week.
The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week.
In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million.
POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.
The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.
The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.
